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5 Best Fintech Stocks to Buy in 2024

5 Best Fintech Stocks to Buy in 2023
Bogdan Stojkov

Summary: Fintech companies are at the forefront of leveraging innovative technologies to revolutionize and enhance various aspects of traditional financial services, ranging from digital payments and peer-to-peer lending to blockchain and robo-advisors. One of the most convenient ways to buy fintech stocks is through a reputable broker like eToro.

Highly Rated Stock Trading & Investing Platform

  • Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.

  • 0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

About fintech stocks

Note

Fintech stocks represent shares in companies that harness technology to revolutionize traditional financial services.

These companies operate in various segments, including:

Fintech’s disruptive nature has not only transformed the way we handle money but also opened up exciting opportunities for investors.

Where to buy fintech stocks

Investing in fintech stocks has never been more accessible. Online brokerage platforms provide a user-friendly interface for investors to buy and sell stocks with ease. Therefore, our go-to broker for buying fintech stocks is eToro, a widely popular platform that offers a number of solid investing features, such as:

  • Commission-free stock trading;
  • Access to over 2,000 stocks from 17 different exchanges;
  • The option to purchase fractional shares;
  • A user-friendly platform that simplifies the trading experience.

Highly Rated Stock Trading & Investing Platform

  • Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.

  • 0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

Note

When choosing a broker, you should consider platforms that align with your investment goals and provide research tools to stay informed about market trends.

Top 5 fintech stocks to buy in 2024

Investing in fintech stocks offers an opportunity to be part of the financial revolution. Nevertheless, not all fintech stocks are the same. This is why we’ve come up with a list of the top 5 of these stocks that you should consider investing in. These include:


  1. PayPal

PayPal is a global giant in the digital payments space, facilitating transactions for individuals and businesses alike. With a user-friendly platform and a strong presence in e-commerce, PayPal continues to benefit from the growing shift towards online payments. The company’s consistent revenue growth and strategic acquisitions make it a top contender for investors seeking stability and potential returns.

PYPL stock price today

Your capital is at risk.

  1. Wise

Formerly known as TransferWise, Wise has revolutionized international money transfers by offering transparent and cost-effective currency exchange services. As a borderless account provider, Wise has gained popularity among individuals and businesses looking to avoid hefty fees associated with traditional banks. With a commitment to transparency and competitive pricing, it’s positioned for sustained growth in the fintech landscape.

WISE.L

Your capital is at risk.

  1. Payoneer

Payoneer stands out as a global payments platform that empowers businesses to transact internationally with ease. Catering to freelancers, online sellers, and businesses, Payoneer simplifies cross-border payments by providing multi-currency accounts. Furthermore, the company’s strong focus on facilitating global commerce positions it as a promising investment in the fintech sector.

PAYO stock price today

Your capital is at risk.

  1. Robinhood

Known for democratizing investing, Robinhood has disrupted the brokerage industry by offering commission-free trades and a user-friendly interface. Despite facing occasional controversies, the platform has gained immense popularity, especially among younger investors. Robinhood’s innovative approach and commitment to financial inclusion make it a compelling choice for those looking to invest in the future of finance.

HOOD stock price today

Your capital is at risk.

  1. Block

Led by former Twitter CEO Jack Dorsey, Block has evolved beyond its original focus on mobile payments to become a multifaceted financial services provider. With its Cash App gaining traction and Bitcoin (BTC) trading services expanding, Block has diversified its offerings. Furthermore, the company’s ability to adapt to changing market demands positions it as a versatile player in the fintech space.

SQ stock price today

Your capital is at risk.

Pros and cons of investing in fintech stocks

Pros

Pros

  • Innovation and growth: Fintech companies are at the forefront of technological innovation, with the potential for rapid growth;
  • Financial inclusion: Fintech has the power to bring financial services to underserved populations, promoting greater financial inclusion;
  • Diversification opportunities: Fintech stocks offer diversification benefits, especially for investors looking beyond traditional sectors.
Cons

Cons

  • Regulatory risks: Fintech companies operate in a rapidly evolving regulatory environment, subject to potential changes that could impact their operations;
  • Competition: The fintech sector is highly competitive, and companies must continuously innovate to stay ahead;
  • Market volatility: Like any investment, fintech stocks are susceptible to market fluctuations, and their values can be volatile.

How to buy fintech stocks safely

Investing in fintech stocks requires a strategic approach to mitigate risks. Here are some key steps to ensure a safer investment journey and avoid making common investing mistakes:

  • Research extensively: Understand the business model, competitive landscape, and financial health of the fintech companies you’re interested in;
  • Diversify your portfolio: Spread your investments across multiple fintech stocks to reduce the impact of any single stock’s poor performance;
  • Stay informed: Keep abreast of industry news, regulatory changes, and macroeconomic factors that could impact the fintech sector;
  • Set realistic goals: Establish clear investment goals and timelines, considering your risk tolerance and financial objectives;
  • Monitor your investments: Regularly review your portfolio and make adjustments based on changes in the market or your financial situation.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

FAQs about the top 5 fintech stocks to buy in 2024

Are fintech stocks a good investment for beginners?

Fintech stocks can be suitable for beginners; however, only if they conduct thorough research, diversify their investments, and stay informed about market trends.

How do I choose the right fintech stocks to invest in?

Look for companies with strong fundamentals, a competitive edge, and a track record of innovation. Also, consider your investment goals and risk tolerance.

What is the potential return on investment for fintech stocks?

Potential returns vary based on individual stocks and market conditions. The thing is—fintech stocks have the potential for significant growth, but they also come with inherent risks.

How often should I check my fintech stock portfolio?

Regularly monitor your portfolio, but avoid making impulsive decisions. Periodic reviews, especially during major market events, can help you make informed choices.

Are there any tax implications when investing in fintech stocks?

Yes, there can be tax implications. You should, therefore, consult with a tax professional to understand the tax implications of buying, selling, and holding fintech stocks.

Highly Rated Stock Trading & Investing Platform

  • Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.

  • 0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

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